$MSTR has been struggling under the blue resistance line which aligns with the 50 Day MA right now.
$BTC has not lost its structure yet and is heavily linked with the the Market right now, so if $BTC can reverse to the upside then $MSTR will get dragged up with it.
For now and with $BTC too, holding below the 50 Day MA is a concern and making a lower low below the $276 level then I believe $MSTR is in its ABC correction and will pull back to the 200 Day MA at $200 next.
However right now, the Wave 4 pull back is still valid but being at its 0.618 Fib is certainly weakness as the lower limit for Wave 4 is usually at the 0.5 Fib.